Rockford Man Allegedly Shoots Business Partner

January 25, 2000|By Amanda Vogt, Tribune Staff Writer.

A Rockford man charged with critically wounding his 41-year-old business partner in his Lincolnshire home was distraught over the failure of a proposed commercial venture between the two, police said Tuesday.

The suspect, Edward Slavin, 42, of the 5800 block of Tasselbury Road, drove to the upscale Lincolnshire home of local real estate attorney and developer Mitchell Iseberg Monday evening and allegedly shot him four times in the chest, arm and hand after Iseberg opened his front door, according to Lou Tessman, commander of the Lake County Major Crime Task Force, which is investigating the incident.

Tessman said Slavin and Iseberg, who own several commercial ventures in Lake County, had planned to build a car wash in the Deerfield area, but that the deal somehow fell through.

"It appears (Slavin) arrived at the conclusion that there was nothing else he could do at that point" but go after Iseberg, Tessman said. Tessman added that preliminary investigation had yet to show why the planned venture failed or how much Slavin had invested in it.

Iseberg was in serious but stable condition at Lutheran General Hospital in Park Ridge, Tessman said. Hospital officials declined to disclose Iseberg's condition.

Tessman said that when police and paramedics arrived at the Iseberg residence in the first block of Kent Court, a gravely-wounded but lucid Iseberg identified his attacker.

Investigators issued a $20 million warrant for Slavin's arrest and dispatched a description of his vehicle, a 1993 red, four-door Chevy Lumina, over state police radio.

Early Tuesday morning Elgin Police, alerted that the suspect might attempt to return to Rockford via Elgin, spotted the suspect's vehicle in a snowbank on the southeast corner of Big Timber Road and Lyle Street, Tessman said. They found Slavin hiding in bushes nearby, Tessman said, adding that Slavin did not resist arrest.

Slavin was charged with attempted murder. He was being held Tuesday afternoon in the psychiatric ward of Condell Medical Center in Libertyville.